Report Update Apr 1, 2024

Serbia - Industrial Oleic Acid - Market Analysis, Forecast, Size, Trends and Insights

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Serbia: Industrial Oleic Acid Market 2024

Industrial Oleic Acid Market Size in Serbia

The Serbian industrial oleic acid market was estimated at $X in 2022, standing approx. at the previous year. Over the period under review, consumption saw significant growth. The most prominent rate of growth was recorded in 2019 with a decrease of X%. Industrial oleic acid consumption peaked in 2022 and is expected to retain growth in years to come.

Industrial Oleic Acid Production in Serbia

In value terms, industrial oleic acid production rose to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Industrial oleic acid production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Industrial Oleic Acid Exports

Exports from Serbia

Industrial oleic acid exports from Serbia totaled X tons in 2022, standing approx. at the year before. In general, exports continue to indicate a remarkable increase. The smallest decline of X% was in 2019. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, industrial oleic acid exports amounted to $X in 2022. Over the period under review, exports saw a significant expansion. The smallest decline of X% was in 2019. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Bosnia and Herzegovina (X tons) was the main destination for industrial oleic acid exports from Serbia, accounting for a approx. X% share of total exports.

From 2018 to 2022, the average annual growth rate of volume to Bosnia and Herzegovina stood at X%.

From 2018 to 2022, the average annual rate of growth in terms of value to Bosnia and Herzegovina totaled X%.

Export Prices by Country

In 2022, the average industrial oleic acid export price amounted to $X per ton, therefore, remained relatively stable against the previous year. In general, the export price recorded a buoyant expansion. The pace of growth was the most pronounced in 2019 when the average export price decreased by X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Bosnia and Herzegovina.

From 2018 to 2022, the rate of growth in terms of prices for Bosnia and Herzegovina amounted to X% per year.

Industrial Oleic Acid Imports

Imports into Serbia

For the fourth consecutive year, Serbia recorded growth in overseas purchases of industrial oleic acid, which increased by X% to X tons in 2022. Overall, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, industrial oleic acid imports skyrocketed to $X in 2022. In general, imports continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Germany (X tons), the United States (X tons) and Italy (X tons) were the main suppliers of industrial oleic acid imports to Serbia.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and Italy ($X) appeared to be the largest industrial oleic acid suppliers to Serbia.

Among the main suppliers, the United States, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average industrial oleic acid import price stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the import price showed a prominent increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for industrial oleic acid in the world?

The countries with the highest volumes of consumption in 2023 were China, the United States and India, together comprising 40% of global consumption. Japan, Russia, Spain, Brazil, the UK, France, Mexico, South Korea, Malaysia and Argentina lagged somewhat behind, together comprising a further 30%.

What are the largest producers of industrial oleic acid in the world?

The countries with the highest volumes of production in 2022 were China, the United States and Indonesia, together comprising 37% of global production. Malaysia, India, Russia, Brazil, Spain, the UK, Japan, Mexico, Argentina and Belgium lagged somewhat behind, together accounting for a further 37%.

What are the leading suppliers of industrial oleic acid to Serbia?

In value terms, the United States, Germany and Italy were the largest industrial oleic acid suppliers to Serbia.

What is the average export price for industrial oleic acid in Serbia?

In 2022, the average industrial oleic acid export price amounted to $4,256 per ton, standing approx. at the previous year.

What is the average import price for industrial oleic acid in Serbia?

The average industrial oleic acid import price stood at $4,501 per ton in 2022, with an increase of 100% against the previous year.

This report provides an in-depth analysis of the industrial oleic acid market in Serbia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20143130 - Industrial oleic acid

Country coverage:

Serbia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Serbia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023